Growth is the perennial buzzword of the World Economic Forum – and this year is no exception. Delegates keep assuring us that their own profitability is vital for safeguarding humanity, while we ordinary people go about our day-to-day lives: we happily drive our cars, book flights to our next holiday destination and raise our children as we’ve always done.

It seems that we are in collective denial about the threatening implications of reality. We still trust in the old narratives that growth and competition are good, that technology and experts will fix it and that capitalism is history’s ultimate victor.

Not only ecological limits and growing social inequality, but also the increasing violence of fundamentalists of all sorts indicates that it is high time for a new economic and social narrative. An economy that is essentially based on competition will always perpetuate violence and hatred.

Wanted: new economic narratives

Before a new narrative – degrowth, for example – can gain ground, we have to accept that there are only radical options left. We have to choose between our economy and our future.

In circles closer to the mainstream, I have personally observed that criticizing the dependence on economic growth and calling for a social-ecological transformation of the economy is welcomed by many.

Doubts and reluctance stem from the widespread perception that transforming the system is unrealistic, given the powerful interests of the elites.

Ordinary people feel subject to, rather than masters of, their circumstances.

In order for the vision of a degrowth society to become broadly accepted as a realistic option, we need to agree on the following points:

Degrowth is not against innovative technologies, but requires them to be administered democratically and “convivially” based on the precautionary principle

It is high time to shape a broad social movement

Despite what corporate interest groups say, we can all understand that a good life does not require ever more traffic, bigger houses, and greater quantities of waste. We cannot square the benefits of “more stuff” when it threatens our ecosystem and coincides with extreme poverty in some parts of the planet.

A good life requires long-term security in meeting everyone’s basic needs: food, shelter, affection, leisure, protection, understanding, health, participation, creation and freedom. All of these requirements are dependent on a healthy planet.

If we take our oft-cited Western values seriously, there is no doubt that we have to change our ways and ensure that our values come before any corporate or private profit.

It is high time to shape a broad social movement that pressures governments and businesses to help adjust consumption and production habits to allow the good life for everyone. We want cooperation instead of competition, common instead of corporate interest, solidarity instead of greed, strong social relationships instead of meaningless consumption, mindful resource stewardship instead of extractivism and compassion instead of indifference. We demand less traffic, fewer mega-projects and more community-based policy.

It is high time to take our future in our own hands and to realize that our current economy is part of the problem and cannot be part of the solution.